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Final Accounts of Companies—Application of Schedule III, Part I... 10.17

Ell Kay Ltd.
BALANCE SHEET as at ...
Particulars Note No. `
I. EQUITY AND LIABILITIES
1. Shareholders’ Funds
(a) Share Capital 1 64,75,000
(b) Reserves and Surplus 2 11,06,000
Total 75,81,000
II. ASSETS
1. Non-Current Assets
Fixed Assets—Tangible 3 11,50,000
2. Current Assets
Cash and Bank Balances 4 64,31,000
Total 75,81,000

Notes to Accounts
1. Share Capital `
Authorised Capital
5,00,000 Equity Shares of ` 10 each 50,00,000
50,000 Preference Shares of ` 100 each 50,00,000
1,00,00,000
Issued Capital
2,50,000 Equity Shares of ` 10 each 25,00,000
30,000, 10% Preference Shares of ` 100 each 30,00,000
10,000, 15% Preference Shares of ` 100 each 10,00,000
(The above 15% Preference Shares have been issued to a Vendor for consideration
other than cash pursuant to a contract)
65,00,000
Subscribed Capital
Subscribed and Fully Paid-up
2,47,500 Equity Shares of ` 10 each 24,75,000
10,000, 15% Preference Shares of ` 100 each 10,00,000
(The above 15% Preference Shares have been issued to a Vendor for consideration
other than cash pursuant to a contract)
29,000, 10% Preference Shares of ` 100 each 29,00,000
Subscribed but not Fully Paid-up
2,000 Equity Shares of ` 10 each 20,000
Less: Calls-in-Arrears 4,000 16,000
1,000, 10% Preference Shares of ` 100 each 1,00,000
Less: Calls-in-Arrears 20,000 80,000
Add: Forfeited Shares 4,000
64,75,000
2. Reserves and Surplus
Capital Reserve 4,000
Securities Premium Reserve 11,02,000
11,06,000
3. Fixed Assets—Tangible
Machinery 11,50,000
4. Cash and Bank Balances
Cash at Bank 64,31,000